Half a year from 1800U to 4200U: The three 'deadly addictions' I quit

Six months ago, I rushed into the crypto world with 5000U saved from being frugal, my mind full of 'ten times in three months'.

In the community, they shouted, 'A certain coin is listed on three major exchanges', I gambled 3000U; when it was said, 'After the waterfall, there is a golden pit', I threw in another 1500U to chase the rise.

A month later, my account was down to 1800U; at night, I stared at the K-line with trembling hands, too exhausted to even open the door when the food delivery arrived.

At my wit's end, I learned trading from an experienced player. He didn't teach me complex indicators, but told me to first quit 'three kinds of addictions'—I never expected that six months later, my 1800U would actually roll back to 4200U.

First, quit the 'news addiction': I used to have 8 groups on my phone, some with free picks and others where I paid 200U to join 'insider groups'.

The worst time, some public chain announced 'going to the top exchange', I threw in 2000U, but the project party refuted the rumor the same day, and the coin price dropped 35%. After cutting my losses, I was left with only 1300U. The experienced player said, 'If the news can really make money, it won’t be something you see in the group.'

Later, I only looked at official announcements and on-chain data. Last month, when good news circulated about a certain coin, I checked and saw that a whale was quietly unloading, so I decisively stayed out and avoided a 20% crash.

Second, quit the 'watching market addiction': I used to stare at the 1-minute chart all day; BTC fluctuated by 50 points, and I traded 12 times in a day, spending over 200U in fees and losing 500U, with my eyes bloodshot.

The experienced player told me to uninstall the market app and switch to watching the 4-hour chart, only checking three times a day at 8 AM, 12 PM, and 8 PM.

Now, I trade a maximum of twice a day, and my win rate has increased from 25% to 60%. Third, quit the 'holding onto positions addiction': I used to buy altcoins that dropped by 10%, always waiting for a rebound, but ended up holding from 1500U down to 200U before liquidation.

The experienced player snapped me out of it: 'Stop-loss is the way to preserve your capital!' Now, I set a 2%-3% stop-loss on every trade. Last month, when ETH broke down, it automatically stopped me out, and although I lost 80U, I avoided a 15% drop; now my account drawdown is no more than 8%.

In the crypto world, it’s not about gambling on luck; quitting these three addictions is the way to stability. If you are also struggling with losses, it might be better to stop for a moment—move slowly, and you might go further.

Carrying the burden on the edge of liquidation alone is not as good as someone saying, 'First close half of your position.' There’s no need to endure the hardship of fighting alone until it becomes a habit.

We explore the direction, we control the risks, you just need to follow the rhythm. @加密大师兄888 I’ve always been here, waiting for you to embark on a journey together.